one8zero8 LLC Invests $450,000 in Vulcan Materials (NYSE:VMC)

one8zero8 LLC bought a new stake in shares of Vulcan Materials (NYSE:VMC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,750 shares of the construction company’s stock, valued at approximately $450,000.

A number of other large investors also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new position in shares of Vulcan Materials during the fourth quarter valued at about $31,000. UMB Bank n.a. grew its position in Vulcan Materials by 138.5% during the 4th quarter. UMB Bank n.a. now owns 186 shares of the construction company’s stock worth $48,000 after acquiring an additional 108 shares during the last quarter. Washington Trust Advisors Inc. grew its position in Vulcan Materials by 30.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company’s stock worth $54,000 after acquiring an additional 48 shares during the last quarter. FSA Wealth Management LLC bought a new stake in Vulcan Materials in the third quarter valued at approximately $57,000. Finally, Coastline Trust Co purchased a new stake in shares of Vulcan Materials during the third quarter valued at approximately $61,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Stephens reiterated an “overweight” rating and set a $325.00 price target on shares of Vulcan Materials in a report on Thursday, January 2nd. Stifel Nicolaus assumed coverage on shares of Vulcan Materials in a report on Tuesday, March 4th. They set a “buy” rating and a $287.00 target price for the company. Royal Bank of Canada boosted their price target on Vulcan Materials from $269.00 to $286.00 and gave the company a “sector perform” rating in a report on Wednesday, February 19th. Citigroup dropped their price objective on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, Morgan Stanley boosted their target price on Vulcan Materials from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $303.08.

Vulcan Materials Stock Up 3.0 %

NYSE:VMC opened at $231.70 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02. The firm’s 50-day moving average price is $258.29 and its 200-day moving average price is $260.74. The company has a market capitalization of $30.61 billion, a PE ratio of 33.82, a P/E/G ratio of 2.03 and a beta of 0.80. Vulcan Materials has a 1-year low of $215.08 and a 1-year high of $298.31.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.41. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the company earned $1.46 earnings per share. On average, equities analysts predict that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.49 per share. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, March 10th. This represents a $1.96 dividend on an annualized basis and a yield of 0.85%. Vulcan Materials’s payout ratio is presently 28.61%.

Vulcan Materials Company Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.